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And here's the kicker. to the end, wealth may bare is proportionate share of the burdens of the federal government. >> a long lineage. >> one of the arguments that gets made about the buffet rule. the president has made this promise he's not going to raise taxes on anyone making below $250,000. and so the focus is on the equity standpoint. i think it's indefensible gap between what the wealthiest pay. but that's not really where the money is in terms of raising revenue more broadly. are democrats going to have to articulate for raising taxes on the top 20%?

Cut should be vetoed no matter who they're for? >> some is, some isn't. i think it's important to clear up the 900 billion we mentioned. only 130 billion are tax cuts for the rich. the bulk of it is the tax cuts obama wanted to extend. the tax cuts for those making under 250. that's a good progressive tax cut. the bulk is not trickle-down economics. the bulk are things most people agree. now the tax cuts for the rich, that is not a good way to spend $130 billion. it's not very stimulative. it doesn't appear to be great for the economy. it's not good from an equity standpoint. but it is what th...